Conclusion of the ECJ project: The Implementation of the New Insolvency Regulation
The guidelines and recommendations which were penned by the MPI Luxembourg and the Universities of Milan and Vienna can be downloaded on the projects website insreg.mpi.lu.
The guidelines and recommendations aim to facilitate cooperation and improve mutual trust.
They cover three areas, which are of particular relevance to the Implementation of the New Insolvency Regulation: 1. the scope of application (pre-insolvency and hybrid proceedings), 2. the cooperation between main and secondary proceedings, including the new instrument of synthetic proceedings and 3. the new framework for insolvency of group of companies.
The document is the result of a public survey, original research as well as in depth discussions with stake holders.